The USDCAD sees a tick up on comment
Trump is speaking a lot on trade today.
Some comments:
- steel tariffs and option to counter dumping
- US steel companies 'hanging on for their lives'
- Wants to make sure that we have a steel industry
- US has very bad trade deal with Korea
- He wants to hear from both sides on trade issue
- Told China something coming in your future
- Canada treats US unfairly on lumber, timber
The USDCAD moved up to 1.2606 on the Canada comment. The pair was down toward the 50% of the days range at 1.25849 before the comment. The price is currently trading at 1.2599.
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